XML 49 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statements of Cash Flows    
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (501,093) $ (281,720)
Cash Flows From Investing Activities    
Purchases of property and equipment 27,437 8,106
Proceeds from sale of Property and Equipment 45,608 152,202
Increases in (decreases to) restricted cash (65,529) 103
Collections on note receivable 0 895
Net cash provided by investing activities 83,700 144,888
Cash Flows From Financing Activities    
Private placements of stock, net 533,365 192,250
Stock options exercised, net 1,982 0
Principal payments on Notes Payable - related party (38,414) 0
Net repayments on line of credit 0 (81,943)
Borrowngs under long-term debt 53,629 101,175
Principal payments on long-term obligations (87,729) (71,386)
Net cash provided by (used in) financing activities 462,833 140,096
Net Increase in Cash and Cash Equivalents 45,440 3,264
Cash and Cash Equivalents - Beginning 81,854 14,344
Cash and Cash Equivalents - Ending 127,294 17,608
Supplemental disclosure of cash flows information:    
Cash paid during the six months ended for interest 61,471 45,947
Non-cash investing and financing activities:    
During the six months ended June 30, 2015, the Company issued common stock with a fair value of $91,260 as part of a conversion of debentures. 91,260 0
During the six months ended June 30, 2015, the Company issued common stock with a fair value of $54,107 for the payment of accrued rent. 54,107 0
During the six months ended June 30, 2015, the Company recorded a deemed dividend of $15,000 on the issuance of stock in a private placement. 15,000 0
During the six months ended June 30, 2014, the Company issued common stock with a fair value of $50,000 in exchange for a note receivable. 0 50,000
During the six months ended June 30, 2014, the Company entered into a capitalized lease with a net present value of $420,346 0 420,346
During the six months ended June 30, 2014, the Company recorded an account receivable of $30,000 for the sale of a fixed asset. $ 0 $ 30,000